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Triumph of the optimists by Elroy Dimson, Mike Staunton, Paul Marsh

Triumph of the optimists Elroy Dimson, Mike Staunton, Paul Marsh ebook
Publisher: PUP
Page: 353
ISBN: 0691091943, 9780691091945
Format: pdf

In the 1950s, who but the most rampant optimist would have dreamt that over the next fifty years the real return on equities would be 9% per year? In 2002, three economics professors — Elroy Dimson, Paul Marsh and Mike Staunton — published Triumph of the Optimists, an exhaustive look at a century's worth of investment returns. One good book for that is 'Triumph of the Optimists'. Triumph in store for Islamists in first 'Arab Spring' vote. Optimists are not less likely to divorce, but they are more likely to remarry (which is, as the article says, "the triumph of hope over experience"). Investors have too often extrapolated from recent experience. This year marks the 30th anniversary of the famous bet between University of Maryland economist Julian Simon and Stanford biologist Paul Ehrlich involving resource scarcity. The most recent update to “Triumph of the Optimists” shows that three very well-known “systems” for investing continue to perform extremely well, despite near-universal awareness. As a book title says, it's the Triumph of the Optimists. †� Swedroe, The Only Guide You'll Ever Need for the Right Financial Plan, Bloomberg Press, 2010. Optimists are more likely to have less stress and better physical health. Professors Dimson, Marsh and Staunton are authors of Triumph of the Optimists (Princeton University Press, 2002). Each episode of the euro crisis is only likely to confirm an existing bias. This entry was posted on Sunday, February 10th, 2013 at 18:23 and is filed under Finance, History.